The Key to Effective Procedures in Purchasing Is to Use

question 3

True/False

The key to effective procedures in purchasing is to use reliable suppliers.

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Definitions:

Chain of Command

The chain of command is an organizational structure in which authority and responsibility are clearly outlined from the top management to the lowest ranks.

Competitive Advantage

A unique attribute or set of attributes that allows an organization to outperform its competitors.

Communication Distance

The extent of difference or disconnect between the communication preferences, styles, or practices among individuals or groups.

Unity-of-Command Principle

A principle in management stating that each employee should receive orders from only one superior to avoid confusion and conflict.